Para acceder a los documentos con el texto completo, por favor, siga el siguiente enlace: http://hdl.handle.net/2445/63556

Fiscal sustainability across government tiers: an assessment of soft budget constraints (IREA)
Claeys, Peter Gunther; Ramos Lobo, Raúl; Suriñach Caralt, Jordi
This paper analyses how fiscal adjustment comes about when both central and sub-national governments are involved in consolidation. We test sustainability of public debt with a fiscal rule for both the federal and regional government. Results for the German Länder show that lower tier governments bear a relatively smaller part of the burden of adjustment, if they consolidate at all. Most of the fiscal adjustment occurs via central government debt. In contrast, both the US federal and state levels contribute to consolidation of public finances.
Política fiscal
Deute públic
Anàlisi d'impacte econòmic
Inversions
Macroeconomia
Federalisme
Fiscal policy
Public debt
Economic impact analysis
Investments
Macroeconomics
Federalism
cc-by-nc-nd, (c) Claeys et al., 2007
http://creativecommons.org/licenses/by-nc-nd/3.0/
Documento de trabajo
Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
         

Mostrar el registro completo del ítem

Documentos relacionados

Otros documentos del mismo autor/a

Claeys, Peter Gunther; Ramos Lobo, Raúl; Suriñach Caralt, Jordi
Claeys, Peter Gunther; Ramos Lobo, Raúl; Suriñach Caralt, Jordi
Claeys, Peter Gunther; Moreno Serrano, Rosina; Suriñach Caralt, Jordi
Duque, Juan Carlos; Ramos Lobo, Raúl; Suriñach Caralt, Jordi